Investing in property is considered a lucrative option for anyone who wants to reach financial freedom. In fact, people often invest because they want to pursue a new career and quit their 9 to 5.
With the ingoing COVID-19 global pandemic, investors have been wary of property investment (and investing in general). While we can’t deny there have been fluctuations within the stocks and shares market, property investment has stayed consistent and stable, despite global economic uncertainty.
However, the uncertainty has meant that investors are unsure of whether to go ahead with their property purchase.
If you’re interested in learning more about investing in property during the COVID-19 pandemic and why now is the perfect time to invest (despite what you may hear in the media). Stay tuned as we discuss everything in detail.
You Can Get Significant Discounts
Before COVID-19, discounts you can get hold of now would have never been possible and when the market returns to normal, you are sure to make instant capital growth. This is a huge plus for investors with a lower budget as they can find a property and receive a discount, perhaps without the discount they wouldn’t be able to afford it.
Keep in mind too, these discounts will soon disappear when the government guidelines are lifted and the market stabilises for good. This is good news for investors who want to see huge returns on their investment and can see the benefits of investing in property right now.
If you want significant discounts then it’s worth talking to a few property experts about the deals they have on at the moment. RWinvest is a UK based property investment company who offers help and advice when it comes to investing in UK properties (particularly those in the North West) so asking for their advice may help you make that final decision.
Interest Rates are Low Which Means Property Values Increase
If you’re opting for a buy to let mortgage or something similar, to help you purchase a property, you definitely should consider doing it right now! Interest rates are at an all-time low which means property values increase and even better news for any investor looking at a new property venture. Remember, interest rates on the mortgage will rise soon, so it’s the best time to invest right now.
The Pound is Still Weak
For international and overseas investors, there has never been a better time to invest and buy UK property. The weak pound means that you can get more for your money when it comes to purchasing a property.
By Not Investing Right Now, You Lose Out on Significant Growth and Returns
Anyone who purchases property in the next few days/week, you will enjoy the significant growth and returns after this time (as you will experience growth straight away).
However, anyone who doesn’t invest due to being unsure, will lose out on this growth. Potentially, you could be losing out on a lot of money. No one wants this to be the case which is why as an investor you should be actively encouraged to invest and delve deeper into property investment as a career or side project.